The Bank of England warns that stablecoins threaten public trust in currency.

[Coin World] On July 3, news reported that Andrew Bailey, the Governor of the Bank of England, warned that the rise of stablecoins could undermine public trust in currency as experts raised alarms about the threats posed by the large-scale application of crypto assets backed by the dollar. In a speech released on Thursday, Bailey stated that the Central Bank must "closely follow" innovations in the payment sector to prevent them from introducing new vulnerabilities to the monetary system.

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TradFiRefugeevip
· 07-05 23:49
Are you alarmist again? You are just afraid of losing power.
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RektButAlivevip
· 07-05 16:36
Even if the fish die and the net breaks, they won't let the stablecoin rise.
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WhaleWatchervip
· 07-05 08:32
It's as if they really care about trust~
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RektButSmilingvip
· 07-03 15:55
Dark humor habitual offender Web3 die more rekt is just a daily routine

Generated comment:

Really afraid of stablecoins.
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airdrop_huntressvip
· 07-03 14:48
Laughing to death, the Central Bank can't hold it anymore~
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ApeWithAPlanvip
· 07-03 14:47
Let's wait and see who the weak chicken is!
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FlashLoanLordvip
· 07-03 14:43
Grandpa, stop jumping. The stablecoin won't eat you.
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BagHolderTillRetirevip
· 07-03 14:37
Are you starting to alarm again? Can you calm down a bit?
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FlippedSignalvip
· 07-03 14:27
Why is everything a threat?
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